You often find people talking about our economic difficulties as if they were complicated and mysterious, with no obvious solution. As the economist Dean Baker recently pointed out, nothing could be further from the truth. The basic story of what went wrong is, in fact, almost absurdly simple: We had an immense housing bubble, and, when the bubble burst, it left a huge hole in spending. Everything else is footnotes.

And the appropriate policy response was simple, too: Fill that hole in demand. In particular, the aftermath of the bursting bubble was (and still is) a very good time to invest in infrastructure. In prosperous times, public spending on roads, bridges and so on competes with the private sector for resources. Since 2008, however, our economy has been awash in unemployed workers (especially construction workers) and capital with no place to go (which is why government borrowing costs are at historic lows). Putting those idle resources to work building useful stuff should have been a no-brainer.

But what actually happened was exactly the opposite: an unprecedented plunge in infrastructure spending. Adjusted for inflation and population growth, public expenditures on construction have fallen more than 20 percent since early 2008. In policy terms, this represents an almost surreally awful wrong turn; we’ve managed to weaken the economy in the short run even as we undermine its prospects for the long run. Well played!

And it’s about to get even worse. The federal highway trust fund, which pays for a large part of American road construction and maintenance, is almost exhausted. Unless Congress agrees to top up the fund somehow, road work all across the country will have to be scaled back just a few weeks from now. If this were to happen, it would quickly cost us hundreds of thousands of jobs, which might derail the employment recovery that finally seems to be gaining steam. And it would also reduce long-run economic potential.

Equality Fraternity Reality

Strong children

"It is easier to build strong children than to repair broken ones" —Frederick Douglass

Ignorance and Power

“Ignorance allied with power is the most ferocious enemy justice can have.” -- James Baldwin

Money is power….

"Money is power. In Congress, in state legislatures, in city councils, in the courts, in the political conventions, in the press, in the pulpit, in the circles of the educated and the talented, its influence is growing greater and greater. Excessive wealth in the hands of the few means extreme poverty, ignorance, vice, and wretchedness as the lot of the many.”
— Rutherford B. Hayes, President of the United States 1877-1881

Let the people think….

Let the people think they govern, and they will be governed.”
-- William Penn, Some Fruits of Solitude, 1693

Taxes & budgets

Women's rights

Dehumanization

"The propagandist's purpose is to make one set of people forget that certain other sets of people are human" - Aldous Huxley

Money is power

Money is power. In Congress, in state legislatures, in city councils, in the courts, in the political conventions, in the press, in the pulpit, in the circles of the educated and the talented, its influence is growing greater and greater. Excessive wealth in the hands of the few means extreme poverty, ignorance, vice, and wretchedness as the lot of the many.”
-- Rutherford B. Hayes, President of the United States (1877-1881)

Riots

“Riots are the language of the unheard” -- Martin Luther King, Jr.

Cost of War

Currently nearing $1.6 trillion, for Iraq and Afghanistan alone; watch it grow at Cost of War

The cause of war

"The cause of war is the preparation of war." -- W.E.B. DuBois

Presidential limits

"The president does not have power under the Constitution to unilaterally authorize a military attack in a situation that does not involve stopping an actual or imminent threat to the nation."

--Barack Obama, 2007

Totalitarianism

“To be corrupted by totalitarianism, one does not have to live in a totalitarian country.”

-- George Orwell

Reimagining capitalism

"Politicians argue over big government so they can avoid talking about big capitalism" -- William Greider in The Nation

The problem with democracy

Progressive calendar

Click hereto view calendar of progressive events in and near Chester County.Agenda view (click in upper right of calendar) may be best.

Links to other sites:

Let the people think …

"Let the people think they govern, and they will be governed."
--William Penn, Some Fruits of Solitude, 1693

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On humor

"When oppressed peoples have no other remedy they resort to humor" --E. O. Wilson

Koch Brothers index

For a list of all posts relevant to the Koch Brothers on this site, click here.

Truth and consequences

"If one tells the truth, one is sure, sooner or later, to be found out." -- Oscar Wilde

Power

“Power concedes nothing without a demand. It never did and it never will. Find out just what any people will quietly submit to and you have found out the exact measure of injustice and wrong which will be imposed upon them, and these will continue till they are resisted with either words or blows, or both. The limits of tyrants are prescribed by the endurance of those whom they oppress.”

-- Frederick Douglass, 1817-95

Schools, parents, democracy

“What the best and wisest parent wants for his child, that must we want for all the children of the community. Anything less is unlovely, and left unchecked, destroys our democracy.” -- John Dewey

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Liberty v. power

“The love of liberty is the love of others; the love of power is the love of ourselves.”
-- William Hazlitt, 1778-1830

On war

"No matter what political reasons are given for war, the underlying reason is always economic." - A. J. P. Taylor

Bill Moyers says

"The opposite of poverty is not wealth; it is justice."

Ain’t they got no shame

In the name of peace
They waged the wars
Ain't they got no shame

-- Nikki Giovanni

Need & Greed

"Earth provides enough to satisfy every man's need but not for every man's greed" -- Gandhi

Normalcy?

"If this is normalcy, I'd hate to see what real trouble is" - the late Daniel Shore on Iraq, Morning Edition, NPR, 3/29/08

Freedom and tyranny

"...So long as the people do not care to exercise their freedom,
those who wish to tyrannize will do so; for tyrants are active and ardent, and will devote themselves in the name of any number of gods, religious and otherwise, to put shackles upon sleeping men." --Voltaire, 1764

Thoughts on War

"Every war, when it comes, or before it comes, is represented not as a war but as an act of self-defense against a homicidal maniac." -- George Orwell

"You may not be interested in war, but war is interested in you." -- Leon Trotsky

Total Cost of War

The cost of the Afghanistan and Iraq wars to Pennsylvanians alone is over $57,000,000,000 and to the entire US is over $1.3 trillion; now wouldn't that be helpful in Harrisburg and DC these days? Track our dollars' alarming and destructive disappearance at CostofWar.com

The American oligarchy

“The American oligarchy spares no pains in promoting the belief that it does not exist, but the success of its disappearing act depends on equally strenuous efforts on the part of an American public anxious to believe in egalitarian fictions and unwilling to see what is hidden in plain sight.” — Michael Lind, To Have and to Have Not